Spirent Communications (LON:SPT) Sets New 52-Week Low - Should You Sell?

Spirent Communications plc (LON:SPT - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 165 ($2.16) and last traded at GBX 168 ($2.20), with a volume of 1022615 shares changing hands. The stock had previously closed at GBX 177.40 ($2.32).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 199 ($2.60) price target on shares of Spirent Communications in a research report on Tuesday, April 1st.

Spirent Communications Price Performance

The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.25. The firm has a market cap of £1.28 billion, a P/E ratio of 96.46, a P/E/G ratio of 5.73 and a beta of 0.57. The business's 50 day moving average is GBX 185.87 and its two-hundred day moving average is GBX 178.68.

Insider Activity

In related news, insider Paula Bell sold 131,650 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of GBX 188 ($2.46), for a total transaction of £247,502 ($323,828.34). Also, insider Eric Updyke sold 55,054 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of GBX 188 ($2.46), for a total transaction of £103,501.52 ($135,420.02). Insiders have acquired 202 shares of company stock valued at $37,495 in the last ninety days. 3.34% of the stock is owned by company insiders.

Spirent Communications Company Profile

Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.